Texas job mar­ket con­tin­ues to show steady im­prove­ment

Austin American-Statesman Sunday - - STATESMAN SUNDAY -

When the numbers were crunched from Texas em­ploy­ment sta­tis­tics for the month of July, the re­sult was another pos­i­tive trend in fa­vor of the Lone Star State.

“Texas con­tin­ued to en­joy job growth with the ad­di­tion of 19,600 jobs added in July in­clud­ing 293,400 jobs over the year,” said An­dres Al­can­tar, chair­man of the TWC.

The Texas un­em­ploy­ment rate fell to 4.3 per­cent in July, down from 4.6 per­cent in June.

“Em­ploy­ers in our dy­namic in­dus­tries draw from a tal­ented work­force and suc­ceed in the Texas econ­omy, cre­at­ing a broad range of jobs that of­fer won­der­ful ca­reer op­por­tu­ni­ties for stu­dents in our state.”

Texas’ sea­son­ally ad­justed un­em­ploy­ment rate matches that of the na­tion as a whole, which is an im­prove­ment for the state fol­low­ing a few un­usual months in which Texas ac­tu­ally sur­passed the na­tional av­er­age. When not sea­son­ally ad­justed, Texas ac­tu­al­lyc omes out ahead by three­tenths of a point (4.3 ver­sus 4.6 per­cent).

The Civil­ian La­bor Force (CLF) de­clined by 28,900 over the month from June, bring­ing the to­tal to 13,433,400. That to­tal is an in­crease of 76,600 over the CLF at this time in 2016.

“Busi­nesses in the Leisure and Hospi­tal­ity In­dus­try ex­panded their pay­rolls by 7,000 po­si­tions, which was the largest in­crease this month,” Al­can­tar added. “Fi­nan­cial Activities ex­panded by 5,200 jobs, and Pro­fes­sional and Busi­ness Ser­vices saw an in­crease of 5,000 jobs.”

Trade, Trans­porta­tion and Util­i­ties was another area of in­ter­est. Hav­ing ex­pe­ri­enced dif­fi­cul­ties in re­cent months, the in­dus­try saw much-wel­comed in­crease of 3,000 new po­si­tions last month. Cur­rently, the in­dus­try is run­ning at an an­nual growth rate of 0.7 per­cent, hav­ing a 12-month in­crease of 17,500 po­si­tions over July 2016.

On the down side, four in­dus­tries saw de­clines in the month of July. This high­est of these falls un­der the head­ing of “Other Ser­vices,” which de­creased by 1,500 po­si­tions.

In­for­ma­tion co ntin­uesto­take a hit in Texas. The in­dus­try lost another 1,200 jobs in July, a down­ward trend it has been on for some time. Hav­ing shed more than 9,400 jobs since this time last year, it cur­rently runs at a neg­a­tive 4.6 per­cent growth rate. The one pos­i­tive n oteisthati­tis the only in­dus­try in the state that is still in a neg­a­tive an­nual growth rate.

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